[quote]Ever calculate the financial bath auto manufactures were taking on lease returns? Somebody paying $5000 over two years on a $40,000 vehicle[/quote]
Yes it does seem outrageous, but in truth the $40,000 is really just a fictional number the public uses to compare ownership to lease value.
Take the GM Suburban for example, the retail worth of the vehicle may be $40,000 but in reality it cost roughly less than half that to produce it.
Once the vehicle is turned in we could expect that this 2 or 3 year old vehicle would sell for $25,000 which again is still more than the original cost to produce it.
Of course the future projected worth of the asset is subject to market fluctuations, but all in all, the market has been rather stable until we got hit with $4.50 gallon gas.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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